Mumbai: Tano India Advisors Pvt. Ltd, a private equity firm, will invest 80 crore in Mumbai-based Shree Shubham Logistics Ltd (SSLL), a subsidiary of Kalpataru Power Transmission Ltd. The logistics firm has signed an agreement with Tano India Private Equity Fund II, the second India fund of California-based Tano Capital LLC for raising money.

Shree Shubham, which specializes in agri-logistics, will use the funds for capacity expansion.

“We are excited to partner with SSLL which has followed a differentiated and scalable model in the agri-logistics space," said Hetal Gandhi, managing director of Tano India Advisors. “After a substantial asset build-out in the last few years, the company is seeing increased levels of traction in its various businesses."

SSLL offers agri-services such as storage and preservation with a chain of dry and cold storage units, weighing, testing and certification, grading and sorting facilities for standardization of agricultural produce, fumigation and pest management and commodity procurement.

“This fund infusion will support our capacity expansion plans in the states of Maharashtra, Rajasthan and Madhya Pradesh and other states of the country," said Manish Mohnot, executive director at Kalpataru.